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Forex pairs in this Article » USD/CAD

eliottWaves_usd-cad_body_usdcad.png, USD/CAD 1.0150 Holds; 1.0260 of Interest Near TermChart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: The trendline that extends off of the May 2010 and October 2011 highs pinpointed the USDCAD high. As long as price is below 1.0420, respect potential for a deeper correction of the advance from .9632 over the next few several weeks. Near term, the hold at 1.0150 favors a constructive bias towards 1.0260/87.

FOREXTrading Strategy: Flat

LEVELS: 1.0067 1.0136 1.0174 1.0226 1.0261 1.0287

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